Flores Company purchases 900 shares of Sherman Express common stock at the market price of $79.24 on March 23, 2021. (Flores’ investment in Sherman represents less than 5% of the outstanding stock of Sherman; Flores does not have significant influence over Sherman.) Flores intends to hold this investment for more than one year. On June 22, 2021, Flores receives a cash dividend of $0.31 per share of the Sherman stock. Record the entries to (1) record the initial investment; (2) record the receipt of the cash dividend.